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Real world markets - PowerPoint PPT Presentation

Introductory Microeconomics (ES10001)

Introductory Microeconomics (ES10001). Topic 5: Imperfect Competition. I. Introduction. PC & Monopoly are useful benchmarks. But, in more than half of the 800 major UK manufacturing product categories, 70% of market is shared by 5 largest firms in the market.

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1.11k views • 86 slides

The Industrial Organization Model

The Industrial Organization Model. This model, pioneered by Edward.H. Mason and Joe. Bain, provides a useful conceptual framework for analyzing the structure of real world markets.

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624 views • 8 slides

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Real world markets - PowerPoint PPT Presentation

Introductory Microeconomics (ES10001)

The Industrial Organization Model